Blackstone 23 Investment Records as of June 30, 2016 (a) Continued... Committed Available Unrealized Investments Realized Investments Total Investments Net IRRs (d) (Dollars in Thousands, Except Where Noted) Capital Capital (b) Value MOIC (c) % Public Value MOIC (c) Value MOIC (c) Realized Total Private Equity BCP I (Oct 1987 / Oct 1993) 859,081 $ - $ - $ n/a - 1,741,738 $ 2.6x 1,741,738 $ 2.6x 19% 19% BCP II (Oct 1993 / Aug 1997) 1,361,100 - - n/a - 3,256,819 2.5x 3,256,819 2.5x 32% 32% BCP III (Aug 1997 / Nov 2002) 3,967,422 - - n/a - 9,184,688 2.3x 9,184,688 2.3x 14% 14% BCOM (Jun 2000 / Jun 2006) 2,137,330 24,575 29,441 2.3x - 2,949,591 1.4x 2,979,032 1.4x 6% 7% BCP IV (Nov 2002 / Dec 2005) 6,773,182 219,136 2,037,337 1.3x 26% 19,083,221 3.2x 21,120,558 2.8x 43% 36% BCP V (Dec 2005 / Jan 2011) 21,022,207 1,258,436 8,364,663 1.7x 79% 29,442,294 1.9x 37,806,957 1.9x 9% 8% BCP VI (Jan 2011 / May 2016) 15,182,644 2,428,440 15,511,224 1.3x 24% 2,130,587 1.9x 17,641,811 1.4x 51% 10% BEP (Aug 2011 / Feb 2015) 2,439,157 141,245 2,839,768 1.3x 27% 539,585 2.0x 3,379,353 1.4x 57% 14% BEP II (Feb 2015 / Feb 2021) 4,951,351 4,724,507 149,061 1.0x - - n/a 149,061 1.0x n/a n/m BCP VII (May 2016 / May 2022) 18,898,630 18,898,630 - n/a - - n/a - n/a n/a n/a Total Corporate Private Equity 77,592,104 $ 27,694,969 $ 28,931,494 $ 1.4x 40% 68,328,523 $ 2.2x 97,260,017 $ 1.9x 18% 15% Tactical Opportunities 12,657,994 6,175,613 7,227,525 1.1x 6% 1,517,170 1.5x 8,744,695 1.2x 32% 10% Tactical Opportunities Co-Investment & Other 1,993,004 653,673 1,421,235 1.1x - 160,812 1.5x 1,582,047 1.1x n/a 13% Strategic Partners I-V and Co-Investment (e) 12,143,266 2,185,576 3,762,419 n/m - 13,357,859 n/m 17,120,278 1.5x n/a 14% Strategic Partners VI LBO, RE and SMA (e) 7,053,071 2,058,306 3,832,118 n/m - 601,171 n/m 4,433,289 1.4x n/a 38% Strategic Partners VII (e) 5,399,381 5,285,561 107,988 n/m - - n/a 107,988 n/m n/a n/a BCEP (f) 3,167,500 3,167,500 - n/a - - n/a - n/a n/a n/a Other Funds and Co-Investment (g) 1,509,893 480,230 196,297 0.8x 89% 426,683 1.0x 622,980 0.9x n/a n/m Real Estate Dollar Pre-BREP 140,714 $ - $ - $ n/a - 345,190 $ 2.5x 345,190 $ 2.5x 33% 33% BREP I (Sep 1994 / Oct 1996) 380,708 - - n/a - 1,327,708 2.8x 1,327,708 2.8x 40% 40% BREP II (Oct 1996 / Mar 1999) 1,198,339 - - n/a - 2,531,613 2.1x 2,531,613 2.1x 19% 19% BREP III (Apr 1999 / Apr 2003) 1,522,708 - - n/a - 3,330,406 2.4x 3,330,406 2.4x 21% 21% BREP IV (Apr 2003 / Dec 2005) 2,198,694 - 519,626 0.6x 16% 4,030,933 2.2x 4,550,559 1.7x 36% 13% BREP V (Dec 2005 / Feb 2007) 5,539,418 - 3,263,836 2.2x 32% 9,608,522 2.3x 12,872,358 2.2x 12% 11% BREP VI (Feb 2007 / Aug 2011) 11,060,444 554,490 6,973,627 2.1x 69% 18,657,251 2.4x 25,630,878 2.3x 15% 13% BREP VII (Aug 2011 /Apr 2015) 13,492,593 2,419,900 15,764,383 1.6x 1% 8,919,047 1.9x 24,683,430 1.7x 31% 20% BREP VIII (Apr 2015 / Oct 2020) 16,147,977 10,037,533 7,100,494 1.2x - 16,270 1.1x 7,116,764 1.2x 12% 19% Total Global BREP 51,681,595 $ 13,011,923 $ 33,621,966 $ 1.5x 18% 48,766,940 $ 2.2x 82,388,906 $ 1.9x 21% 16% Euro BREP Int'l (Jan 2001 / Sep 2005) 824,172 € - € - € n/a - 1,367,146 € 2.1x 1,367,146 € 2.1x 23% 23% BREP Int'l II (Sep 2005 / Jun 2008) 1,629,748 - 532,403 1.2x 65% 1,716,134 1.8x 2,248,537 1.6x 8% 5% BREP Europe III (Jun 2008 / Sep 2013) 3,205,140 469,301 2,999,189 1.8x - 2,715,178 2.1x 5,714,367 1.9x 23% 17% BREP Europe IV (Sep 2013 / Mar 2019) 6,699,620 2,115,651 6,411,668 1.3x - 641,477 1.4x 7,053,145 1.3x 26% 13% BREP Europe V (TBD) 5,878,298 5,939,667 - n/a - - n/a - n/a n/a n/a Total Euro BREP 18,236,978 € 8,524,619 € 9,943,260 € 1.4x 4% 6,439,935 € 1.9x 16,383,195 € 1.6x 16% 12% BREP Co-Investment (h) 6,819,065 $ 146,573 $ 4,950,386 $ 1.6x 42% 7,770,729 $ 2.1x 12,721,115 $ 1.9x 18% 15% BREP Asia (Jun 2013 / Dec 2017) 5,079,554 2,717,330 3,229,118 1.4x - 420,637 1.7x 3,649,755 1.4x 25% 15% Total BREP 86,132,424 $ 25,308,317 $ 54,283,736 $ 1.5x 16% 65,516,128 $ 2.2x 119,799,864 $ 1.8x 20% 16% BPP (i) 11,946,027 $ 3,584,314 $ 9,938,325 $ 1.2x - - $ n/a 9,938,325 $ 1.2x n/a 15% BREDS (j) 11,003,179 $ 6,512,182 $ 2,466,397 $ 1.2x - 5,966,987 $ 1.3x 8,433,384 $ 1.3x 13% 11% |